bank transfer limits - moving thursday need to get funds to solicitor

[snowflakehellokitty]

moving house on thursday
we need to transfer deposit to solicitor the day before, the amount we want to transfer is over the daily transfer limit that our bank
phoned up the bank the only advice they could offer was to phone 30 mins before we made transaction
was hoping for abit more information is stressing us out
do i need to go into the bank?

I'd go into the branch to organise the transaction. Had to do it recently and they sent it as a CHAPS payment due to the amount but waved the fee.

I second a chaps payment OP. There is a fee (was £24 a couple of years ago) but there are no limits on amount sent. This is probably what they were suggesting tbh.

Yes what the others said - go into the bank branch yourself - along with lots of photographic ID - the daily limits are there to prevent fraud in the event of someone else getting hold of your numbers and codes, so you need to do big transfers in person where they can be sure it is you. You probably need to take at least an hour or two off work to do this, it can take a while (when we were FTB-ing we took a day off work to sort this out but it didn't take the whole day happily)

The limit is £10,000 per transfer, but you can do more than one transfer. I did 9 transfers of £10,000 on a single day didn't even get a call from the bank.

CHAPS or equivalent is best way to go and negotiate with your bank to waive the fees.

If you are near the bank and the solicitor and the solicitor agrees, you could also arragne a good old fashioned Bank(ers) Draft or equivalent. There may be charges.

Hope this helps

I have very very often tried to do this remotely and just about always I have to make a special trip down to the branch (allow an hour) and they do a transfer - take ID, pass port, utility bill and your bank card and details of the payee.

I was able to do a big payment 18 months ago by ringing telephone banking, but then 9 months ago had to go into branch and get them to do the transfer. TBH, I got a lot of mixed messages about who could do what and for how much

CHAPS is the only secure way. I just completed on a house and had to do it that way. You will need to do it before 2pm if you want the funds in the solicitor's account the next day.
Go to the bank. Take ID with you and all the payee details. It cost me £30 but that's peanuts on the house price.

We had to make a very large payment by cheque a couple of years ago (not for a house) and had a real problem: NatWest bounced the cheque because they said they did not have a copy of my husbands signature. It was a real problem because the payment had to be made quickly at the end of the tax year.
He'd banked with them for more than 40 years and it appears that the signature got lost when they switched signatures to an electronic storage system. Turned out that only my daughter was actually authorised to sign on his account - and she had NEVER been authorised, though I had. So do make sure beforehand that they are holding the correct authorised signature.
I agree with the people above, make the payment via CHAPS - it will should cost less than £30. They might even waive the fee if the system stops you moving the money in the normal way - they did in our case as it was their error.

I did a bank transfer in the branch and that amazingly went through within 30 minutes! Again as someone said cost £30.

When we bought a house (4 years ago) our solicitor wouldn't accept chaps, they asked for a bankers draft. We only had 3% deposit though so maybe that had something to do with it

you spoke to someone at the bank who is targeted on getting calls dealt with as quickly as possible. That will not work. The online limits vary between banks but if it is over, it is over. And online systems can and do go down. (Tesco, Natwest etc...)

So ring the branch, ask for an appointment with someone suitably empowered to arrange a CHAPS transfer before 11am, to allow for lunch breaks etc. Take in all the details and loads of ID and be prepared for it to take a while. The fee also varies, will be around £30, and that's the way things are. A solicitor that won't accept CHAPS is in the dark ages.

any other way is too chancy and risks completion failing, which will cost you money.

did it all a few months ago.